{"id":54919,"date":"2017-05-16T09:41:13","date_gmt":"2017-05-16T02:41:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-bid-more-aggressively-amid-signs-of-housing-market-rebound\/"},"modified":"2017-05-16T09:52:08","modified_gmt":"2017-05-16T02:52:08","slug":"developers-bid-more-aggressively-amid-signs-of-housing-market-rebound","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-bid-more-aggressively-amid-signs-of-housing-market-rebound\/","title":{"rendered":"Developers bid more aggressively amid signs of housing market rebound"},"content":{"rendered":"


\nWith buyers snapping up units at projects such as Seaside Residences (pictured), new home sales more than doubled from the same month last year.
\nThe spike in new home sales following an easing of property cooling measures saw more developers aggressively bidding at land auctions in Singapore, reported Bloomberg.
\nCushman & Wakefield revealed that the number of developers bidding per land tender rose from 8.3 in the second half of 2005 to 13.3 during the first four months of 2017 \u2013 paying a 29 percent premium on average or the highest level in at least five years.
\nA land auction held last month drew a record 24 bidders, amid growing demand from Malaysian and Chinese developers.
\n\u201cSentiment has changed,\u201d said Frasers Centrepoint chief executive officer Christopher Tang. \u201cThe general sense is that the market has bottomed out and like many of the developers in Singapore we are a bit landbank-starved \u2014 we are keen to build our land bank.\u201d
\nAfter surging to its highest level in March in almost four years, new homes sales more than doubled last month from the previous year, with buyers snapping up units at projects such as the Seaside Residences condominium.
\n\u201cThere has been a considerable lift in market sentiment,\u201d said Desmond Sim, research head for Singapore and South East Asia at CBRE. \u201cBuyers are more prepared to make a purchase, in view of prices possibly bottoming.\u201d
\nHowever, the scale of any comeback may be restricted by government efforts to prevent renewed overheating of a property market that peaked in 2013. In fact, the government left most of the restrictions in place even as it tweaked some of the cooling measures in March.
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Developers bid more aggressively amid signs of housing market rebound<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With buyers snapping up units at projects such as Seaside Residences (pictured), new home sales...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-54919","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ehN","jetpack-related-posts":[{"id":79846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-land-sales-could-reach-16b-in-2018\/","url_meta":{"origin":54919,"position":0},"title":"Residential land sales could reach $16b in 2018","date":"February 14, 2018","format":false,"excerpt":"\r Developers are bidding more aggressively for land amid estimations that they are sitting on a $22.9 billion war chest. (Photo: Nikki De Guzman) Property consultancy Cushman & Wakefield thinks that land purchases in Singapore by real estate developers could hit $16 billion this year, with more record land deals\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127978,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/soaring-construction-costs-may-discourage-hong-kongs-developers-from-bidding-aggressively-for-land\/","url_meta":{"origin":54919,"position":1},"title":"Soaring construction costs may discourage Hong Kong\u2019s developers from bidding aggressively for land","date":"July 26, 2022","format":false,"excerpt":"\r Higher costs driven by a surge in materials prices are likely to make property developers more restrained when they are bidding for land, according to analysts.\r \r Source : South China Morning Post\r Read more...Soaring construction costs may discourage Hong Kong\u2019s developers from bidding aggressively for land","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94611,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghai-scraps-land-sales-worth-us1-5-billion-in-20-days-as-developers-lost-mood-to-shop-amid-tightened-controls-and-glut\/","url_meta":{"origin":54919,"position":2},"title":"Shanghai scraps land sales worth US$1.5 billion in 20 days as developers lost mood to shop amid tightened controls and glut","date":"July 25, 2018","format":false,"excerpt":"\r Shanghai has cancelled five planned land sales worth a total of 10 billion yuan (US$1.47 billion) in 20 days, underscoring dampened appetite of developers weighed on by tightened funding and tepid sales. The latest abandoned bidding for a prime site in Yangpu district to sell from a starting price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55079,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-pay-more-for-sites-amid-fierce-competition\/","url_meta":{"origin":54919,"position":3},"title":"Developers pay more for sites amid fierce competition","date":"May 17, 2017","format":false,"excerpt":"\r \u00a0 The aggressive bidding for land at public tenders this year saw developers paying an average of 29 percent more for residential sites over comparable plots sold over the last five years, reported The Straits Times. Cushman & Wakefield noted that the figure is significantly higher compared to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65464,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-developers-ramp-up-landbanking-activity\/","url_meta":{"origin":54919,"position":4},"title":"Singapore developers ramp up landbanking activity","date":"September 5, 2017","format":false,"excerpt":"\r View of a Government Land Sales site in Singapore. (Photo: Nikki De Guzman) Seven of the top 10 developers with the biggest residential landbank and unsold units in launched projects are local developers, according to the Business Times\u2019 compilation of developers. This comes as Singapore developers came out strong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114103,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-cautious-gls-bid-causes-8-20-drop-in-land-prices\/","url_meta":{"origin":54919,"position":5},"title":"Developers\u2019 cautious GLS bid causes 8-20% drop in land prices","date":"January 14, 2020","format":false,"excerpt":"\r The muted sales take-up rates seen in existing projects in the vicinity of both sites are possible reasons that developers have placed lower bids. The cautious approach employed by developers towards bidding for land has caused an 8% to 20% drop in land prices including the 5% Additional Buyer\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/54919"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=54919"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/54919\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=54919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=54919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=54919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}